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of this country was supposed to vote ten hours ago to pass a law that would allow them to restructure the banks. we're still waiting. it's unclear if they are going to vote today at all. at the same time we're getting reports that maybe the european union is going to demand even more from this country. hours ago we were told by the leader -- the head of the leading party that they were extremely close to a deal and yet we still wait. the same time it's growing increasingly chaotic in this country's economy because the banks are still closed. they have been closed for seven days now. it looks like they will be closed for at least ten days. that means people running businesses can't do payroll, can't access their capital accounts. becoming incredibly difficult, become a cashless society because people are limited to 260 euros out of the atm. as a result, for example, gasoline stations only accepting the cash, the vast majority of them. some are accepting credit cards but only in limited amounts. we spoke with the owner of one gas station and he explained that his suppliers are demanding cash up f
to terrorism. the response to the embassy bombings in africa were treated as law enforcement issues, but 9/11 turned our responses into the global war on terror, and the congress is still debating the president's authorities in that arena, the drone debate. whether a particular cyber attack meets the threshold of being an act of war is likely to depend very much on the political and military situation at the time that that happens and not necessarily on any definition that you could put in place up front, sue. >> speaking of that, we know that treasury secretary jack lew is this china this week and a big part of his agenda is addressing these cyber attacks. you have news on the man that chinese group that reportedly has been sitting those u.s. sites recently, including some of the banks. >> yeah, that's right. i have been talking to the folks at mandian. it's the private american consulting firm that put out the ground breaking report in which they named the chinese army unit they suggested was responsible based in shanghai for attacks on american companies. they are telling me they, in fa
... and launch your dreams. at legalzoom.com we put the law on your side. ♪ [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> julia, this sounds logical for him. why not? it's a key issue in the silicon value. >> he has a lot of money to spend and he wants to make a difference. what he really cares about is immigration reform. all of these are things designed to boost the internet sector. >> some of the reports i read suggest that there are other heavies like john door who may be contributing this as well. >> so far he has already come out on education, immigration and on science. >> and it's really smart. >> one of the reports had a long time gop guy getting involved. >> watch out for the google glasses. the legislator says it's like wearing a computer. it's dangerous and similar to texting and driving chblt. >> i haven't signed up. you remember that science project thing? get away from him to do this. you know, the geeks are very excited. i'
that they are going to pass a law that gives the central bank the right to shut down banks in this country. they didn't have the right to do that before. if you don't understand a lot about banking or bailouts, this is very simple. if you shut down a bad bank, you save a lot of money. if you try to save a bad bank, it costs a lot of money. you have to pour capital into it. you have to dig a hole in the ground and pour money into it to have a very strong base for a bank. the worse the bank is, the more it's going to cost. it gets a lot cheaper just to shut it down. they're going to split into a good bank and a bad bank. the impaired assets will sell off over time. what is likely to happen is the junior bondholders, senior bondholders will get wiped out, all the equity will go away, of course. in-sure depositors i am told will be fully protected. nobody below 100,000 yeuros wil lose money. losses, those people will get equity in a new bank. the protest is related to the fact that 2,000 people are likely to lose their jobs as a result of that shutting down of the bank. in the meantime, people have gotte
Search Results 0 to 3 of about 4

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